Fairness and Solvency Opinions
Duff & Phelps helps boards of directors and special committees formed by boards fulfill their fiduciary responsibilities when considering many corporate transactions.
Our team has particular expertise in situations where advisor independence is paramount and scrutiny is elevated.
Duff & Phelps, A Kroll Business, is a global leader in Fairness Opinions and Special Committee Advisory, ranking #1 for total number of U.S. and global fairness opinions over the past 10 years, according to Thomson Reuters cumulative data from 2011-2020.
Since 2005, we have provided more than 1,000 fairness opinions (over $425 billion in deal value) for clients contemplating:
- Sell side / buy side mergers & acquisitions
- Spin-offs, split-ups, divestitures
- Going-private transactions
- Related-party transactions
Duff & Phelps has rendered over 950 Solvency Opinions ($4.5 trillion in deal value) related to:
- Dividend recapitalizations
- Debt refinancings
- Intercompany restructurings
- Spin-offs and split-offs
- Duff & Phelps also has dedicated expertise in Commercially Reasonable Debt Opinions and ESOP and ERISA Advisory.
Key Differentiators
- Core Practice: Ranked #1 for total number of Fairness Opinions in the U.S. and globally over the past ten years and is a leading financial advisor for solvency opinions (more than 1,950 fairness and solvency opinions and $4.9 trillion in deal value since 2005)
- Independence: Vast majority of our opinions involve transactions in which Duff & Phelps is not the investment banker
- Analytical Rigor: Comfortable providing opinions in transactions involving minority interests, debt securities and those transactions lacking a market-clearing mechanism
FEATURED CASE STUDIES
Fairness and Solvency Opinions
Fairness Opinions
Fairness OpinionsSolvency Opinions
Solvency OpinionsCommercially Reasonable Debt Opinions
Commercially Reasonable Debt OpinionsContact Us
Chris Janssen
Managing Director and Global Head of Transaction Opinions
Fairness and Solvency Opinions
Chicago
Chris Janssen
Robert A. Bartell, CFA
President, Corporate Finance
Robert A. Bartell, CFA
Elyse Bluth
Managing Director
ESOP and ERISA Advisory
Chicago
Elyse Bluth
Andrew Capitman
Managing Director
Fairness and Solvency Opinions
New York
Andrew Capitman
Sheryl Cefali
Managing Director
Fairness and Solvency Opinions
Los Angeles
Sheryl Cefali
Jeff Gordon
Managing Director
Fairness and Solvency Opinions
Chicago
Jeff Gordon
Todd Kaltman
Managing Director
Fairness and Solvency Opinions
Los Angeles
Todd Kaltman
Mark Kwilosz
Managing Director
Fairness and Solvency Opinions
Chicago
Mark Kwilosz
Danielle Montesano
Managing Director
ESOP and ERISA Advisory
Chicago
Danielle Montesano
Jeff Schiedemeyer
Managing Director
Fairness and Solvency Opinions
Chicago
Jeff Schiedemeyer
Mathias Schumacher
Managing Director
Valuation Advisory Services
London
Mathias Schumacher
David Turf
Managing Director
Fairness and Solvency Opinions
Chicago
David Turf
Other Areas We Can Help
Valuation Services
Objective valuations for financial reporting, tax and management planning purposes.
Strategic Value Advisory
Assistance evaluating strategic alternatives and identifying growth strategies.
M&A Advisory
Middle-market M&A advisory differentiated by industry expertise and superior deal execution.
Transaction Advisory Services
Seamless analytical advisory through the deal continuum, from transaction origination to closing.
Financial Sponsors Group
Dedicated coverage and access to M&A deal-flow for financial sponsors.
SPAC Advisory Services
Focused expertise for SPAC transactions.
Insights
News
Case Studies
Sell Side Advisor
Duff & Phelps, A Kroll Business, Advised Au Bon Pain on Its Sale to Ampex Brands
a subsidiary of
has been acquired by
Exclusive Sell Side M&A Advisor
Pagemill Partners’ Technology M&A Practice Advised whiteCryption on Its Acquisition by Zimperium
has been acquired by
a portfolio company of
Sell Side Advisor
Duff & Phelps, A Kroll Business, Advised The Difference Card on Its Sale to Northlane Capital Partners
has been acquired by
Sell Side Advisor
Duff & Phelps, A Kroll Business, Advised LDC on Its Sale of Magicard Holdings Limited to Brady Corporation
a portfolio company of
has been acquired by
Fairness Opinion
Duff & Phelps Provided a Fairness Opinion to the Board of Directors of Chiasma, Inc. on Its Sale to Amryt Pharma plc
has signed a definitive merger agreement to be acquired by
Exclusive Sell Side Advisor
Pagemill Partners’ Technology M&A Practice Advised Instec on Its Acquisition by Insurity
has been acquired by
a portfolio company of
Sell Side Advisor
Duff & Phelps, A Kroll Business, Advised Ya YA Foods Corporation on Its Sale to Entrepreneurial Equity Partners
has been acquired by
Sell Side Advisor
The Industrials M&A Practice of Duff & Phelps, A Kroll Business, Advised Coral Chemical Company on Its Sale to Quaker Chemical Company
has been acquired by
Exclusive Financial Advisor
The Business Services M&A Practice of Duff & Phelps, A Kroll Business, Advised Outside Integrated Media, LLC on Its Sale to Pocket Outdoor Media, Inc.
has been acquired by
Financial Advisor
Duff & Phelps Advised Principal Logistics Technologies Limited on Its Acquisition of Brentech Data Systems
has acquired
